DEMIRE: Annual General Meeting approves all agenda items with a clear majority

- Renewed dividend payment after strong annual result in 2020

- Outlook for the 2021 financial year confirmed

Langen, 28 April 2021 - Todays virtual Annual General Meeting of DEMIRE Deutsche Mittelstand Real Estate AG approved the renewed distribution of a dividend by a clear majority in accordance with the proposal of the Management Board and Supervisory Board. A dividend of 62 eurocents, up 8 eurocents, will be paid for the 2020 financial year, after 54 eurocents per share were already distributed for the 2019 financial year. The other items on the agenda were also approved with a clear majority.

According to Ingo Hartlief, DEMIRE's CEO, the decisive factor for the dividend increase was the Company's very good performance in 2020. "We achieved a record result in 2020 despite the Corona pandemic and would like our shareholders to participate in this. We recently used another part of our liquidty to purchase the attractive Cielo office property in Frankfurt am Main, thus making a future-oriented investment. In addition, our balance sheet figures continue to identify us as a financially strong company and a reliable business partner," Hartlief outlined to the shareholders as part of his accountability report. The course of the 2020 financial year has shown that DEMIRE is successfully dealing with the challenges posed by the COVID 19 pandemic in particular. According to the Chairman of the Management Board, the company's business strategy, which was presented to the shareholders under the slogan "REALise Potential", contributes to this in particular. The company runs a low-risk business model that combines a diversified portfolio with conservative risk profiles, advantageous financing conditions and a correspondingly clearly defined acquisition approach. According to Hartlief, this is how sustainable growth can be achieved, which then enables a dividend payout even in difficult times.

Ingo Hartlief further explained to the shareholders that the company was therefore in the comfortable position of once again being able to pay out a larger dividend without lacking the funds for strategic measures and potential growth initiatives that could be achieved as a result. The shareholders approved the dividend payment with 99.96 percent of the voting capital.

In order to further strengthen the strategic position, the shareholders also approved an authorisation to acquire own shares with 99.71 percent of the voting capital, following the successful implementation of a corresponding programme in July of the previous year and January earlier this year.

The second virtual Annual General Meeting of DEMIRE Deutsche Mittelstand Real Estate AG was attended by 91.15 percent of the registered capital.

About DEMIRE Deutsche Mittelstand Real Estate AG

DEMIRE - REALize Potential

DEMIRE Deutsche Mittelstand Real Estate AG acquires and holds commercial real estate in mid-sized cities and up-and-coming locations bordering metropolitan areas across German. The Company's particular strength lies in realising the potential of the properties at these locations while focusing on a range of properties that appeals to both regional and international tenants. As of 31 Devember 2020, DEMIRE's portfolio contains of 75 assets with lettable space totalling about 1 million sqm and has a market value in excess of EUR 1.4 billion.

The portfolio's focus on office properties with a blend of retail, hotel and logistics properties results in a return / risk structure that is appropriate for the commercial real estate segment. The Company places importance on long-term contracts with solvent tenants and the realisation of the properties' potential. DEMIRE anticipates continued stable and sustainable rental income along with solid value appreciation and expects the portfolio to grow significantly in the medium term. As it expands its portfolio, DEMIRE is concentrating on FFO-strong assets with potential and, at the same time, disposing of properties that are not in line with its strategy. DEMIRE is taking several steps to further the development of its operations and processes. Next to cost consciousness, the operating performance is set to improve through an active asset and portfolio management approach.

DEMIRE Deutsche Mittelstand Real Estate AG shares are listed in the Regulated Market (Prime Standard segment) of the Frankfurt Stock Exchange.

Contact:
Michael Tegeder
Head of Investor Relations & Corporate Finance
DEMIRE Deutsche Mittelstand Real Estate AG
Fon: + 49 6103 3724944
Email: tegeder@demire.ag